ISRG Gamma Exposure, IV Rank & Implied Volatility
Intuitive Surgical (ISRG) options data — GEX, IV rank, options chain & Greeks
ISRG options trade with implied volatility typically in the 22% - 45% range, averaging N/A in daily volume with very good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
An IV rank near 80.3 (the value shown here is illustrative) would mean implied volatility is in roughly the 80.3th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live ISRG IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real ISRG IV history on the live platform →
Comprehensive options market data for Intuitive Surgical (ISRG).
ISRG Options at a Glance
What's Covered in This Guide
1 About Intuitive Surgical (ISRG)
Intuitive Surgical (ISRG) is a medical devices company listed on NASDAQ.
Company Profile
Key Dates
Intuitive Surgical is a Medical Devices) company in the Healthcare sector.
2 ISRG Options Market Overview
ISRG options provide trading opportunities for options traders.
Liquidity Assessment: Very Good
ISRG options provide trading opportunities across multiple expirations.
3 ISRG Implied Volatility & IV Rank
ISRG implied volatility patterns reflect the medical devices sector dynamics.
Earnings Impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short ISRG options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
ISRG IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
ISRG Gamma Exposure (GEX)
Gamma Exposure analysis for ISRG reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: ISRG tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common ISRG Options Strategies
These are strategies commonly used by traders on ISRG options, based on typical market characteristics. This is not investment advice.
Popular for ISRG shareholders seeking additional income.
Defined-risk directional exposure on ISRG.
Range-bound strategy for ISRG between events.
Key Considerations for ISRG Options
- Monitor ISRG earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- ISRG options liquidity varies by expiration - prefer near-term and monthly expirations
Frequently Asked Questions: ISRG Options
What is ISRG's typical implied volatility?
ISRG implied volatility typically ranges from 22% - 45%. IV patterns are influenced by earnings, sector events, and market conditions.
Does ISRG have weekly options?
Yes, ISRG offers weekly options expirations.
What is ISRG's options trading profile?
ISRG (Intuitive Surgical) options trade with very good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 22% - 45% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.
How does ISRG implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on ISRG?
Popular strategies on ISRG options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 45% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is ISRG's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence ISRG's intraday price action. ISRG tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live ISRG GEX levels and the gamma-flip point on ApexVol.
What is ISRG's IV rank?
ISRG's IV rank shows where ISRG's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. ISRG implied volatility typically ranges from 22% - 45%. Check ISRG's live IV rank and percentile on ApexVol's IV analytics.
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